March 3, 2017
In December 2016, Ohio Governor John Kasich signed a bill allowing Ohio residents to carry guns to class in universities. Attached to this bill was a rider that prevented Ohio cities from raising the minimum wage. You see, Cleveland was ready to enact a citywide $15 dollar an hour minimum wage, placing them at about 80% of par for other industrialized nations.
Ohio’s current minimum wage is $8.10 per hour and will increase to $8.15 next year, equivalent to Albania but still a bit higher than Bangladesh.
This is the official policy of the Trump administration in Washington as well, financed and supported by massive donations to candidates from the American Enterprise Institute, the US Chamber of Commerce and the National Association of Manufacturers.
In 1963, this was the job I got. The wage was $1.50 per hour. OK, let’s take a look at how this works. Based on the Consumer Price Index, a figure that has been artificially jockeyed around to hide real inflation, now more heavily based on collapsed housing prices, rather than consume goods, I was making, by today’s standards, $12.50 per hour.